Anduril vs Rippling
Side-by-side equity comparison for employees weighing offers at Anduril or Rippling. Valuations, funding history, headcount growth, and secondary-market context.
| Anduril | Rippling | |
|---|---|---|
| Latest valuation | $31B | $17B |
| Latest round | Series F | Series F |
| Round date | August 2024 | March 2024 |
| Total raised | $3.7B | $1.4B |
| Founded | 2017 | 2016 |
| Headquarters | Costa Mesa, CA | San Francisco, CA |
| Employees | 4 | 7,248 |
| Employee YoY growth | +33% | +47% |
| Primary industry | Aerospace & Defense | HR & Workforce |
| Secondary-market price | $94.45 | $36.64 |
| Base-case equity multiple | — | 2x |
| Upside equity multiple | — | 3x |
| Lead investors | Andreessen Horowitz, Founders Fund | Founders Fund, Greenoaks Capital |
| Status | private | private |
Overview
Anduril Industries builds autonomous defense systems including surveillance towers, counter-drone technology, and autonomous aircraft, powered by its Lattice AI platform for military and national security applications.
Rippling provides a unified workforce platform that combines HR, IT, and finance management including payroll, benefits, device management, and expense tracking.
Why we compare these
Anduril and Rippling both appear on Sara's List 2021 .
If you're evaluating offers at either one, the equity math depends on more than the headline valuation — dilution, strike price, time to liquidity, and concentration risk all matter. Use our equity compensation calculator and exit calculator to model your own numbers.